The plan is to release openSUSE 12.2 on Tuesday, 5 September -- or about a two-month delay over their original release plans.
Among the highlights of openSUSE 12.2 is finally moving to the Plymouth splash boot-screen using KMS, the GRUB2 boot-loader, upgrading to the GCC 4.7 compiler, a simplified directory structure, and many other changes.
On the desktop front there is KDE SC 4.8 and GNOME 3.4. For those curious to see what KDE is like on openSUSE 12.2, or just trying to kill some time until tomorrow, there is a preview offered at news.opensuse.org. Embedded below is also a short openSUSE 12.2 video.